Enchanted Kingdom, INC

( a wholly owned subsidiary of EK Holdings)

SEC Registration No.: A119603657

Company Type: Stock Corporation

The Magic Lives Forever...

 Corporate Information
Enchanted Kingdom,INC

• August 5, 1996
• Business of providing entertainment and amusement to
the public
 Corporate Information
Enchanted Kingdom Holdings, INC
• September 9, 1992
• Purchasing, subscribing for, investing in, acquiring and
obtaining interest in securities, without acting as an
investment house or as a broker. Located at San Lorenzo
St., South Balibago, Sta. Rosa, 4026 Laguna.
 Description of Current Accounting System
Statement of Compliance Basis of Presentaion
• PFRS • IFRS • PAS
• PAS • FRSC • Historical Cost
• SEC (Exception)
• PIC • Philipine Peso
• SIC (Functional, Rounded to
nearest peso)
 Analysis of Accounting System
Business Plans
• Prioritize revenues generating
activities, improvement of
services, attraction and
facilities.
Revenues
• Improved marketing
strategies
• Pricing policies
• Stimulate secondary
visitor expenditures
• Shift business models
from walkin to pre booked
sales
 Analysis of Accounting System
Cost Marketing Plans
• Outsourcing activities. • Social Media
• Reuse programs. • EK Brands
• Shows
• Effective monitoring.
Management
• Information Technology
 Analysis of Accounting System
Revenue Recognition PPE
• Admission fee • At cost
• Sale of goods • Straight-Line Basis
• Rental Income Risk
• Other Income • Credit Risk
• Liquidity Risk
 Recommendation
To continue.